Synchrony Announces $ 1 Billion Increase in Share Buyback Authorization | Associated press



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STAMFORD, Connecticut, Dec. 15, 2021 / PRNewswire / – Synchrony Financial (NYSE: SYF ) (the “Company”) announced today that its board of directors has increased the Company’s share repurchase authorization by $ 1.0 billion. The Company had $ 1.2 billion remaining under its pre-authorization as of September 30, 2021, so this increase will bring the amount available to $ 2.2 billion until the period ending June 30, 2022.

The authorizations allow the Company to repurchase shares from time to time subject to market conditions and other factors, including legal and regulatory restrictions and required approvals.

About synchronization

Synchrony (NYSE: SYF) is a leading consumer financial service company. We offer a wide range of specialized financing programs, as well as innovative banking products for consumers, in key industries such as digital, retail, home, automotive, travel, health and animals. of company. Synchrony allows our partners to increase their sales and retain consumers. We are one of the largest private label credit card issuers in the United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.

Synchrony is changing what’s possible with our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and personalized financing solutions.

For more information visit www.synchrony.com and Twitter: @Synchrony.

Contacts:

Investor Relations

Catherine miller

(203) 585-6291

Media relations

Lisa lanspery

(203) 585-6143

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